MEXT Joint Usage / Research Center
Research Center for Behavioral Economics

Behavioral economics is a new and emerging field of research which incorporates insights from various related disciplines, such as psychology, sociology and neuroscience, to provide solutions for economic and social problems that cannot be easily reconciled by the traditional branch of economics. In April 2004, ISER founded the Research Center for Behavioral Economics - the first of this kind in Japan - with the aim of becoming the research hub of behavioral economics. In June 2009, ISER was selected as the Joint Usage/Research Center for Behavioral Economics by Ministry of Education, Culture, Sports, Science and Technology (MEXT) and since then has played an integral role in bringing together researchers from all over the world and promoting active research collaboration in this field.


December 9, 2019 A special issue of Journal of Economic Dynamics and Control entitled "Experimental and Behavioral Analyses in Macroeconomics and Finance" (co-edited by Nobuyuki Hanaki, Herbert Dawid and Jan Tuinstra)is now available online.
This special issue includes two articles co-authored by Nobuyuki Hanaki "Introduction for the special issue on 'Experimental and Behavioral Analyses in Macroeconomics and Finance'" (co-written with Herbert Dawid and Jan Tuinstra) and "The effect of short selling and borrowing on market prices and traders’ behavior" (co-authored with SébastienDuchêne, EricGuerci, and Charles N.Noussair)
December 7, 2019 "Cognitive ability and observed behavior in laboratory experiments: implications for macroeconomic theory", Nobuyuki Hnaki accepted for publication in Japanese Economic Review.
December 2, 2019 Nguyen Thang DAO has joined us Assistant Professor.
October 25, 2019 "On the roots of the intrinsic value of decision rights: Experimental evidence" (with João V. Ferreira and Benoît Tarroux), Nobuyuki Hanaki accepted for publication in Games and Economic Behavior.
October 1, 2019 "Competition between offline and online retailers with heterogeneous customers" (co-authored with Stefano Colombo), Noriaki Matsushima accepted for publication in Review of Industrial Organization.
October 1, 2019 Donghoon Yoo has joined us Assistant Professor.
October 1, 2019 Professor Chongwoo CHOE (Monash University) is visiting us from October 1st, 2019 to December 20th, 2019.
September 27 "Mechanism design without quasilinearity" (with Tomoya Kazumura and Debasis Mishra), Shigehiro Serizawa accepted for publication in Theoretical Economics.

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Research Highlights

Title Author
2019.10 On the roots of the intrinsic value of decision rights: Experimental evidence (with João V. Ferreira and Benoît Tarroux), Games and Economic Behavior Nobuyuki Hanaki
2019.9 Mechanism design without quasilinearity (with Tomoya Kazumura and Debasis Mishra) Theoretical Economics, forthcoming. Shigehiro Serizawa
2019.7 Pre-negotiation commitment and internalization in public good provision through bilateral negotiations (with Ryusuke Shinohara) Journal of Public Economics Noriaki Matsushima
2019.5 Expected utility and catastrophic risk in a stochastic economy–climate model (with Roger J.A.Laeven, Jan R.Magnus, Chris Muris), Journal of Econometrics, forthcoming. Masako Ikefuji
2019.5 Competitive Personalized Pricing (with Zhijun Chen and Chongwoo Choe) Management Science, forthcoming. Noriaki Matsushima
2019.1 The Impact of Monitoring in Infinitely Repeated Games: Perfect, Public, and Private (with V. Bhaskar, and Guillaume R. Frechette) American Economic Journal: Microeconomics Masaki Aoyagi

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